Latest news with #OppenheimerFunds
Time of India
07-08-2025
- Business
- Time of India
OppenheimerFunds sells Kotak Mahindra Bank's shares for Rs 2,035 cr
Asset management firm OppenheimerFunds on Thursday sold shares of private sector lender Kotak Mahindra Bank for Rs 2,035 crore through an open market transaction. US-based OppenheimerFunds is a part of global investment firm Invesco. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program According to the bulk deal data on the NSE, OppenheimerFunds through its affiliate -- Oppenheimer Funds Inc A/C Oppenheimer Developing Markets Fund -- sold a total of 1,03,57,024 crore equity shares representing a 0.52 per cent stake in Mumbai-based Kotak Mahindra Bank. The shares were disposed of at an average price of Rs 1,965.20 apiece, taking the transaction value to Rs 2,035.36 crore. Details of the buyers of Kotak Mahindra Bank's shares could not be ascertained on the exchange. Live Events Shares of Kotak Mahindra Bank fell 0.41 per cent to close at Rs 1,994.20 apiece on the NSE. In May this year, Kotak Mahindra Bank reported a 14 per cent fall in standalone profit to Rs 3,552 crore for the January-March quarter of 2024-25 compared to Rs 4,133 crore in the last quarter of 2023-24. The bank's total income increased to Rs 16,712 crore in the quarter from Rs 15,285 crore in the same period a year ago, Kotak Mahindra Bank said. During the quarter, the bank earned interest income of Rs 13,530 crore as against Rs 12,307 crore in the same period a year ago. Net Interest Income (NII) rose to Rs 7,284 crore, from Rs 6,909 crore in Q4FY24, registering a modest increase of 5 per cent, it added.
News18
07-08-2025
- Business
- News18
OppenheimerFunds sells Kotak Mahindra Banks shares for Rs 2,035 cr
New Delhi, Aug 7 (PTI) Asset management firm OppenheimerFunds on Thursday sold shares of private sector lender Kotak Mahindra Bank for Rs 2,035 crore through an open market transaction. US-based OppenheimerFunds is a part of global investment firm Invesco. According to the bulk deal data on the NSE, OppenheimerFunds through its affiliate — Oppenheimer Funds Inc A/C Oppenheimer Developing Markets Fund — sold a total of 1,03,57,024 crore equity shares representing a 0.52 per cent stake in Mumbai-based Kotak Mahindra Bank. The shares were disposed of at an average price of Rs 1,965.20 apiece, taking the transaction value to Rs 2,035.36 crore. Details of the buyers of Kotak Mahindra Bank's shares could not be ascertained on the exchange. Shares of Kotak Mahindra Bank fell 0.41 per cent to close at Rs 1,994.20 apiece on the NSE. In May this year, Kotak Mahindra Bank reported a 14 per cent fall in standalone profit to Rs 3,552 crore for the January-March quarter of 2024-25 compared to Rs 4,133 crore in the last quarter of 2023-24. The bank's total income increased to Rs 16,712 crore in the quarter from Rs 15,285 crore in the same period a year ago, Kotak Mahindra Bank said. During the quarter, the bank earned interest income of Rs 13,530 crore as against Rs 12,307 crore in the same period a year ago. Net Interest Income (NII) rose to Rs 7,284 crore, from Rs 6,909 crore in Q4FY24, registering a modest increase of 5 per cent, it added. PTI HG HVA view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Bloomberg
30-05-2025
- Business
- Bloomberg
Odd Lots: Krishna Memani on Wall Street's Very Expensive 'Free Lunch'
We're told over and over again that the one "free lunch" in investing is diversification, and that you can improve your returns over time simply by investing in a wider range of assets. This is textbook modern finance. And yet over the past several years this hasn't been the case. An investor would have done great just by investing in US stocks (with the occasional hiccups.) What's more, even within US stocks, investors should have concentrated on big tech stocks. Going long US tech has been identified as the most crowded trade by investors for years, and yet most of the time it has outperformed almost everything else. So what are the lessons from this story? And is now the moment where international diversification is going to work? On this episode, we speak with veteran portfolio manager Krishna Memani, who is now the CIO at Lafayette College. Previously, he was the CIO at OppenheimerFunds, which got bought by Invesco. We talk about portfolio theory, the tragedy of the prudent international investor over recent decades, and whether that realized returned we've seen across a range of asset classes should prompt a fundamental rethink of finance theory.
Bloomberg
30-05-2025
- Business
- Bloomberg
Krishna Memani on Wall Street's Very Expensive ‘Free Lunch'
Markets Odd Lots Why international diversification has been a flop. Listen to Odd Lots on Apple Podcasts Listen to Odd Lots on Spotify Subscribe to the newsletter We're told over and over again that the one "free lunch" in investing is diversification, and that you can improve your returns over time simply by investing in a wider range of assets. This is textbook modern finance. And yet over the past several years this hasn't been the case. An investor would have done great (with the occasional hiccups) just by investing in US stocks. What's more, even within US stocks, investors should have concentrated on big tech stocks. Going long US tech has been identified as the most crowded trade by investors for years, and yet most of the time it has outperformed almost everything else. So what are the lessons from this story? And is now the moment where international diversification is going to work? On this episode, we speak with veteran portfolio manager Krishna Memani, who is now the chief investment officer at Lafayette College. Previously, he was the CIO at OppenheimerFunds, which got bought by Invesco. We talk about portfolio theory, the tragedy of the prudent international investor over recent decades, and whether that realized return we've seen across a range of asset classes should prompt a fundamental rethink of finance theory.
